15286 Sutton Street, Sherman Oaks — 16-Unit Multifamily, $2.2M (Nov 2012)
Updated April 28, 2026
Units: 16 · Sale price: $2,220,000 · Price per unit: $138,750 · Closed: November 2012
A 16-unit mid-size multifamily property at 15286 Sutton Street in Sherman Oaks, sold November 2012 for $2,220,000 — approximately $138,750 per unit.
In 2012, LA multifamily transaction volume was rebuilding from the post-2008 trough. Pricing was beginning to firm as institutional capital returned to the asset class.
Sherman Oaks is the Valley floor's most-demanded multifamily submarket. Mixed building ages — pre-1978, 1980s, and post-1995 — trade at distinct price points on the same street.
Mid-size multifamily in this unit range attracts both private investors and smaller institutional buyers, particularly on value-add theses.
Set against the rest of the Sherman Oaks record, this is the 7th largest of the 17 Sherman Oaks apartment buildings Michael Sterman has closed.
At $138,750 a unit it sits 42% below the Sherman Oaks median of $237,708. Per-unit price tracks condition and the in-place rent roll as much as location, so the gap is a starting question rather than a verdict.
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in Sherman Oaks
- Sherman Oaks: the neighborhood, its buildings and what they sell for
- How to Sell a Multifamily Property in Los Angeles
- Request a free evaluation of your building
- Verify this sale independently — search public records and coverage for this transaction yourself
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →